RE:RE:GRELLETTE A LIFE! I DISAGREE W/ YOUR OPINIONI BELIEVE IN A TURNING POINT THAT IS DRIVEN BY THE PRICE OF GOLD. IN OTHER WORDS, WHEN THE POG (PRICE OF GOLD) HITS A NUMBER LIKE 1750$ (PREVIOUSLY) WE WILL SEE SOME ACTION ACROSS THE BOARD. AS MENTIONED BEFORE THERE ARE MANY FACTORS THAT MOVE THE NEEDLE.
1/ POG - HIGHER THE BETTER
2/ ENDORSEMENTS - ERIC SPROTT
3/ MAJORS' MINES ARE TIRED THEY NEED GOOD PROPERTIES
4/ DRILL RESULTS - HITTING GOOD GRADE
5/ AREA INTEREST - OTHER DRILL RESULTS OF NEARBY PROPERTIES
6/BOTTOM LINE - ECONOMICS OF ALl IMPROVE WHEN THE POG GOES UP (MAJORS, MIDS & JUNIORS)
Now if you mean jr. miners that r producing then that is totally different. What I am referring to and I beleive u r also referring to is EXPLORATION PLAYS such as this one. The POG movements have ZERO correlation to the price movement of exploration plays. These plays will have to until the majors start to show the need for replenishment and then they will move to the POG which everybody buying or selling in this sector (EXPLORATION PLAYS) wants and basically can not wait to see it happen.